The bill amends Section 13-1-154.1 NMSA 1978 to increase the financial limits on contracts for the procurement of architectural and engineering services and construction by state agencies and local public bodies. Specifically, it raises the total amount for multiple contracts and all renewals for a single contractor to seven million five hundred thousand dollars ($7,500,000) over four years, while maintaining a cap of two million dollars ($2,000,000) for any single contract, including renewals. Additionally, it allows for multiple indefinite quantity construction contracts with a total limit of thirty million dollars ($30,000,000) over ten years, and a maximum of seven million dollars ($7,000,000) for any one purchase order under these contracts.

Furthermore, the bill stipulates that state agencies and local public bodies must adhere to specific procurement processes, including advertising the potential for multiple contracts and conducting a single selection process. It also establishes reporting requirements for agencies to provide the legislative finance committee and the purchasing division of the general services department with details on contract amounts and expenditures. The bill aims to streamline procurement processes while ensuring accountability and transparency in the awarding of contracts.

Statutes affected:
introduced version: 13-1-154.1
Final Version: 13-1-154.1